v 15.0 Third Party 43
Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Invoicing (account)
Discuss (mail)
Lines of code 1369
Technical Name sync_fiscal_year
LicenseOPL-1
Websitehttp://www.synconics.com
Versions 14.0 16.0 12.0 11.0 13.0 10.0 15.0
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Availability
Odoo Online
Odoo.sh
On Premise
Odoo Apps Dependencies Invoicing (account)
Discuss (mail)
Lines of code 1369
Technical Name sync_fiscal_year
LicenseOPL-1
Websitehttp://www.synconics.com
Versions 14.0 16.0 12.0 11.0 13.0 10.0 15.0

Account Fiscal Year

A fiscal year (FY) is a period that a company or government uses for accounting purposes and preparing financial statements. A fiscal year may not be the same as a calendar year, and for tax purposes, the Internal Revenue Service (IRS) allows companies to be either calendar-year taxpayers or fiscal-year taxpayers.

Application helps accountant/account manager to manage fiscal years, fiscal year periods and generate opening and closing entries for fiscal year.

This module is compatible with

Manage fiscal years and its periods.

Manage fiscal years and its periods.

Generating opening and closing entries for fiscal year.

Generating opening and closing entries for fiscal year.

Option to cancel opening entry.

Option to cancel opening entry.

Fiscal Year

For instance, Fiscal Year 2018 needs to be closed.

 


To define new fiscal year, go to Invoicing/Configuration/Periods/Fiscal Years



Periods can be defined in two formats: Monthly Periods and 3 Months Periods

For instance, to create monthly periods, click on Create Monthly Periods button.

Opening Entries Accounts

Define Income and Expense account for opening entries (if not created).

Opening Income Account

 

Opening Expense Account

Opening Entries Journal

To define Opening Entries Journal, go to Invoicing/Configuration/Accounting/Journal

Set previously created accounts in Default Debit Account and Default Credit Account

Generating Opening Entries

To generate Opening Entries, go to Invoicing/Periodic Processing/End of Period/Generate Opening Entries

Click on Create button to generate openning entries.

 

Generated opening entries


Click on Post button to Post this journal entry.

Cancel Fiscal Year Closing Entries

To cancel fiscal year closing entries, go to Invoicing/Periodic Processing/End of Period/Cancel Closing Entries

Enter Fiscal Year whose closing entries needs to be cancelled.
Click on Cancel Closing Entries button to cancel closing entries.

Once the closing entries are cancelled, you will no longer find opening entries for current fiscal year. To create opening entries for current fiscal year, you need to re-generate openeing entries.

Close Fiscal Year

To close fiscal year, go to Invoicing/Periodic Processing/End of Period/Close a Fiscal Year

Enter Fiscal Year to close.
Click on Close Fiscal Year button to close it.

Close Period

To close a period, go to Invoicing/Periodic Processing/End of Period/Close Period

Click on Close Period button to close it.

Frequently Asked Questions

Is this app compatible with Odoo Enterprise?

No, our app works with Odoo Community.

Yes, our module supports multi-company scenarios.

Of course, our experienced developer team is ready for any kind of customization ,feel free to contact us. Kindly Email us your requirements on contact@synconics.com.You can also ping us on our Skype Account - synconics.technologies

Suggested Products

Terms & Conditions

  • All the apps are to be purchased separately, for individual versions and individual edition.
  • One month free bug support period will be offered pertaining to any one server used, testing or live.
  • Synconics is not responsible for installation or updating of the module on any of your server.
  • If an error appears in our app due to other custom modules installed in your system or if Odoo base source code is not updated on your system, to make it compatible with your source code, we'll charge you for our efforts to resolve those errors and make the module compatible with your source code.
  • Please refer the document for configuration. If any support is needed for module configuration, installation, updating or any help is needed, it will be considered in paid support.
  • Please note that you are not allowed to distribute or resell this module after purchase.
  • This module is tested and working on Odoo vanilla with Ubuntu OS.
  • Support services will be provided from Monday to Friday, 10:30 AM to 7 PM IST (Indian Standard Time).
  • Support will not be provided during Indian public holidays or company holidays.
Odoo Proprietary License v1.0

This software and associated files (the "Software") may only be used (executed,
modified, executed after modifications) if you have purchased a valid license
from the authors, typically via Odoo Apps, or if you have received a written
agreement from the authors of the Software (see the COPYRIGHT file).

You may develop Odoo modules that use the Software as a library (typically
by depending on it, importing it and using its resources), but without copying
any source code or material from the Software. You may distribute those
modules under the license of your choice, provided that this license is
compatible with the terms of the Odoo Proprietary License (For example:
LGPL, MIT, or proprietary licenses similar to this one).

It is forbidden to publish, distribute, sublicense, or sell copies of the Software
or modified copies of the Software.

The above copyright notice and this permission notice must be included in all
copies or substantial portions of the Software.

THE SOFTWARE IS PROVIDED "AS IS", WITHOUT WARRANTY OF ANY KIND, EXPRESS OR
IMPLIED, INCLUDING BUT NOT LIMITED TO THE WARRANTIES OF MERCHANTABILITY,
FITNESS FOR A PARTICULAR PURPOSE AND NONINFRINGEMENT.
IN NO EVENT SHALL THE AUTHORS OR COPYRIGHT HOLDERS BE LIABLE FOR ANY CLAIM,
DAMAGES OR OTHER LIABILITY, WHETHER IN AN ACTION OF CONTRACT, TORT OR OTHERWISE,
ARISING FROM, OUT OF OR IN CONNECTION WITH THE SOFTWARE OR THE USE OR OTHER
DEALINGS IN THE SOFTWARE.

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